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Finance subcommittee hears budget update, property-tax figure noted

Los Lagos Community Services District Finance Subcommittee · January 5, 2025
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Summary

Staff reported updated property-tax figures and a credit that reduced the amount; the subcommittee discussed ongoing project reviews and that a grounds-related item remains with the state.

Staff presented a budget update and said the subcommittee should start to see property-tax receipts coming in.

Staff member reported, “So we're up to 330 $399,703.171, because there's a $142,000 of credit to make,” and said a grounds-related item Doug was handling is still with the state for review. Committee members asked clarifying questions about project invoices and the process for state review.

No formal action was taken on the budget at this meeting; the update served to inform the subcommittee and flag credits and outstanding state reviews for future follow-up.